Science Park Profile
A science park’s purpose depends on your perspective. For tenants, a science park is a crucible of knowledge, where research and innovation can flourish. For funding partners and investors, a science park is characterised by stable tenants and attractive cash flow. So, what exactly makes a science park?
Location
Science parks are established close to a leading university or research institution, ensuring easy access to specialised talent. Science parks play a vital role in bridging the scientific and business communities. The relationship between academia and industry is symbiotic: talent feeds innovation, and the promise of innovation attracts talent.
Dedicated space
Science parks offer a variety of spaces – from wet and dry labs to production warehouses, logistics areas, offices and showrooms. These spaces are configured to meet complex requirements and attract science and technology companies of all sizes and stages of development – which in turn boosts the region’s economic prosperity.
Dominant industry or technology
Science parks are typically centred around a particular industry, which is complemented by a variety of additional services. This cluster creates opportunities for networking and collaboration within the science park environment: enhancing operations and driving business success.
Sticky tenants
The dedicated space and beneficial ecosystem turns businesses into long-term ‘sticky’ tenants. What’s more, because scientific and technology-driven businesses require sophisticated supply chains and logistics networks, as well as local and regional permits, they are inclined to stay in locations that work for them, long after their initial lease term has expired.